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Paul Mosgovoy
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Market updates are no longer posted to this site. All updates and communication are posted on LinkedIn: https://www.linkedin.com/profile/view?id=18898995&trk=nav_responsive_tab_profile Please request a link to be added to my network. Thank you, Paul Mosgovoy
My company:
Three Ten Trading, LLC
My book:
Market Masters: Livermore, Wyckoff and Loeb
  • Molycorp Blinks 0 comments
    Jan 9, 2014 12:34 PM | about stocks: IQ

    Just as indicated in the last post, the bulls in Molycop Inc. (MCP) had a decision to make and they choked.

    We exited the position early in the session.

    MCP has now retraced more than 50% and as such looks weak technically.

    Unless there is a significant development, we are passing this one up for better opportunities.

    Disclaimer:

    This report is for discussion purposes and contains our opinions only.

    This posting is to publicly document our thinking and market analysis actions within the Three Ten Trading entity. The data was obtained from sources believed to be reliable. However, we make no guarantee as to the accuracy of that data.

    Investing or trading in equities, futures or options may result in a significant loss of capital, total loss of capital or a loss greater than available capital.

    We are not advocating any stock or in any way offering portfolio management advice or stock selection service.

    Respectfully,

    Paul Mosgovoy, President: Three Ten Trading, LLC

    Thank you for reading.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: IQ
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